Rhode Island’s financial profile has improved following the economic downturn, but weak economic and demographic trends, paired with large combined debt and pension liabilities, remain sources of credit pressure, according to Moody’s Investor Service.
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Harvard University said applications for this fall’s freshman class jumped 9 percent, to a record 37,305, after the school heightened recruiting on social media and publicized a $150 million gift mostly for financial aid.
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Rhode Island is receiving more than $328,000 this year from the U.S. Department of Labor under a layoff prevention law established by Congress in 2012 through the efforts of U.S. Sen. Jack F. Reed.
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The U.S. Small Business Administration supported lending $86.5 million to Rhode Island businesses in the fiscal year that ended Sept. 30, an increase of 26 percent from the $68.6 million loaned a year earlier.
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Sales of previously owned U.S. homes slumped in November from a one-year high, underscoring the uneven nature of the current recovery in residential real estate that’s been one of its defining characteristics.
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An agreement has been reached between Commonwealth Ventures LLC and the Heritage Harbor Museum Corporation to allow redevelopment of the South Street Power Station into an academic and nursing-school complex to go forward.
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Get the most up-to-date data on the Rhode Island and southern Massachusetts business community from the PBN List Center. Download and purchase PBN Lists as well as the complete Book of Lists in Excel format.